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AB High Income Municipal Portfolio (ABTYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

AB High Income Municipal Portfolio (ABTYX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The fund invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. It normally invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the AMT for certain taxpayers. The fund may invest without limit in lower-rated securities.

Fund Info

ISIN

US0186427441

Issuer

AllianceBernstein

Inception Date

Jan 25, 2010

Category

High Yield Muni

Min. Investment

$0

Asset Class

Bond

Expense Ratio

ABTYX has an expense ratio of 0.53%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AB High Income Municipal Portfolio

Popular comparisons:
ABTYX vs. FNWFX
Popular comparisons:
ABTYX vs. FNWFX

Performance

Performance Chart

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S&P 500

Returns By Period

AB High Income Municipal Portfolio (ABTYX) returned -1.71% year-to-date (YTD) and 3.49% over the past 12 months. Over the past 10 years, ABTYX returned 3.03% annually, underperforming the S&P 500 benchmark at 10.85%.

ABTYX

YTD

-1.71%

1M

-0.99%

6M

-3.90%

1Y

3.49%

3Y*

1.10%

5Y*

2.21%

10Y*

3.03%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of ABTYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.68%1.89%-2.04%-1.21%-0.99%-1.71%
20240.45%0.22%0.63%-2.09%0.78%3.20%1.03%1.45%1.65%-2.08%1.71%-2.23%4.66%
20234.55%-3.23%1.96%0.54%-1.11%0.26%0.13%-1.72%-4.40%-2.50%8.80%3.91%6.64%
2022-2.80%-0.83%-4.09%-4.30%1.82%-4.32%4.09%-2.52%-6.57%-2.39%6.91%-0.50%-15.15%
20211.98%-1.69%0.97%1.39%1.10%1.09%1.09%-0.30%-0.89%-0.05%1.42%0.28%6.52%
20202.38%2.02%-10.60%-3.22%3.39%4.01%2.93%0.22%-0.13%0.16%2.65%2.10%5.11%
20190.72%0.95%2.41%0.59%1.75%0.65%0.76%2.12%-0.46%-0.01%0.33%0.64%10.95%
2018-0.95%-0.47%0.73%-0.18%1.46%0.27%0.26%0.38%-0.58%-1.07%0.47%0.75%1.03%
20171.12%0.98%0.77%0.97%1.81%-0.08%0.95%1.50%-0.09%0.25%0.26%1.32%10.21%
20160.91%0.17%1.25%1.14%0.98%2.15%0.17%0.50%-0.24%-1.55%-5.61%0.57%0.20%
20152.29%-0.86%0.47%-0.32%-0.31%-0.41%0.62%0.20%0.76%1.13%0.82%1.11%5.60%
20143.49%2.27%0.76%2.24%2.57%0.05%0.07%1.69%0.85%1.07%0.38%0.95%17.59%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ABTYX is 30, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of ABTYX is 3030
Overall Rank
The Sharpe Ratio Rank of ABTYX is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of ABTYX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of ABTYX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of ABTYX is 3030
Calmar Ratio Rank
The Martin Ratio Rank of ABTYX is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

AB High Income Municipal Portfolio Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 0.45
  • 5-Year: 0.38
  • 10-Year: 0.55
  • All Time: 1.13

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of AB High Income Municipal Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

AB High Income Municipal Portfolio provided a 4.38% dividend yield over the last twelve months, with an annual payout of $0.44 per share.

3.50%4.00%4.50%5.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.44$0.43$0.43$0.43$0.41$0.45$0.47$0.51$0.48$0.49$0.53$0.56

Dividend yield

4.38%4.18%4.14%4.31%3.32%3.72%3.95%4.61%4.18%4.47%4.69%4.98%

Monthly Dividends

The table displays the monthly dividend distributions for AB High Income Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.15
2024$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.03$0.43
2023$0.04$0.03$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.43
2022$0.03$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2021$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.41
2020$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.45
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.47
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.07$0.51
2017$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.48
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.49
2015$0.05$0.04$0.04$0.04$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.05$0.53
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.05$0.56

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the AB High Income Municipal Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AB High Income Municipal Portfolio was 21.12%, occurring on Oct 26, 2022. The portfolio has not yet recovered.

The current AB High Income Municipal Portfolio drawdown is 6.92%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.12%Jan 4, 2022205Oct 26, 2022———
-17.81%Mar 2, 202015Mar 20, 2020187Dec 15, 2020202
-13.31%May 20, 201372Aug 29, 2013179May 16, 2014251
-10.62%Oct 26, 201058Jan 18, 2011106Jun 20, 2011164
-8.15%Sep 9, 201661Dec 5, 2016171Aug 10, 2017232
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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